[Federal Register Volume 80, Number 76 (Tuesday, April 21, 2015)]
[Notices]
[Page 22256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09106]


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SMALL BUSINESS ADMINISTRATION


Interest Rates: Correction

    On April 8, 2015, in Federal Register Vol. 80, No. 67, Pages 18922-
18923, the Small Business Administration (SBA) incorrectly published an 
interest rate called the optional ``peg'' rate (13 CFR 120.214). This 
rate is a weighted average cost of money to the government for 
maturities similar to the average SBA direct loan. This rate may be 
used as a base rate for guaranteed fluctuating interest rate SBA loans. 
The correct rate is 2.125 (2\1/8\) percent for the April-June quarter 
of FY 2015.
    Pursuant to 13 CFR 120.921(b), the maximum legal interest rate for 
any third party lender's commercial loan which funds any portion of the 
cost of a 504 project (see 13 CFR 120.801) shall be 6% over the New 
York Prime rate or, if that exceeds the maximum interest rate permitted 
by the constitution or laws of a given State, the maximum interest rate 
will be the rate permitted by the constitution or laws of the given 
State.

Linda S. Rusche,
Director, Office of Financial Assistance.
[FR Doc. 2015-09106 Filed 4-20-15; 8:45 am]
 BILLING CODE 8025-01-P